EURCHF is edging higher today, battling again with the lower boundary of the rectangle that has been defining the price action since October 13, 2022. The bears remain firmly in control, but they probably have to deliver a sizeable sell-off soon before the market starts to seriously question their determination. Supporting the bears’ intentions, the stochastic oscillator is still reflecting a bearish tendency in the market. The same cannot be said for the Average Directional Movement Index (ADX) that remains stuck below its 25-threshold and thus signaling a range-trading market. More interestingly, the persistent ... (full story)